Filed Pursuant to Rule 424(b)(3)
                                                     Registration No. 333-106273



PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED JULY 9, 2003)

                                  $175,000,000

                             TRIARC COMPANIES, INC.
               5% CONVERTIBLE NOTES DUE 2023 AND SHARES OF CLASS A
               COMMON STOCK ISSUABLE UPON CONVERSION OF THE NOTES
                               __________________

This prospectus supplement supplements our prospectus dated July 9, 2003,
relating to the offer and resale by various selling securityholders of up to
$175,000,000 aggregate principal amount of our 5% Convertible Notes due 2023 and
shares of our Class A common stock into which the notes are convertible. This
prospectus supplement should be read in conjunction with, and may not be
delivered or utilized without, the prospectus and the previous prospectus
supplements. This prospectus supplement is qualified by reference to the
prospectus, as supplemented, except to the extent that the information in this
prospectus supplement supersedes the information contained therein.

The information in the table contained under the heading "Selling
Securityholders" beginning on page 58 of the prospectus is hereby amended by
adding the information below with respect to persons not previously listed in
the prospectus or any supplements thereto and by superseding the information
with respect to persons previously listed in the prospectus or any supplements
thereto that are listed below:



                                                                                                 NUMBER OF SHARES
                                                                             PRINCIPAL AMOUNT       OF CLASS A
                                                                                 OF NOTES          COMMON STOCK
                                                                               BENEFICIALLY        BENEFICIALLY
                                                                            OWNED AND OFFERED   OWNED AND OFFERED
                          SELLING SECURITYHOLDER                                HEREBY($)           HEREBY(1)
---------------------------------------------------------------------       -----------------   -----------------
                                                                                                   
AIG DKR SoundShore Holdings Ltd. ....................................            3,444,000               86,100
AIG DKR SoundShore Opportunity Holding Fund Ltd. ....................            2,519,000               62,975
AIG DKR SoundShore Strategic Holding Fund Ltd. ......................            1,287,000               32,175
CQS Convertible & Quantitative Strategies Master Fund Limited........            2,500,000               62,500
UBS O'Connor LLC F/B/O O'Connor Global Convertible Arbitrage
     Master Ltd. ....................................................              250,000                6,250
Xavex - Convertible Arbitrage 7 Fund c/o TQA Investors LLC...........            1,000,000               25,000

------------------------------------

(1)      Includes shares of Class A common stock issuable upon conversion of the
         notes, and assumes a conversion rate of 25 shares per $1,000 principal
         amount of the notes, which conversion rate is subject to adjustment as
         described under "Description of the Notes--Conversion of Notes" in the
         prospectus. Accordingly, the number of shares of Class A common stock
         issuable upon conversion of the notes may increase or decrease from
         time to time. Under the terms of the indenture, we will not issue
         fractional shares of Class A common stock upon conversion of the notes
         and, in lieu thereof, will pay cash.

                                 _______________

INVESTING IN THE SECURITIES OFFERED BY THE PROSPECTUS AND THIS PROSPECTUS
SUPPLEMENT INVOLVES RISKS. SEE "RISK FACTORS" BEGINNING ON PAGE 10 OF THE
PROSPECTUS.

                                 _______________

Neither the Securities and Exchange Commission, nor any state securities
commission, has approved or disapproved of these securities or passed upon the
accuracy or adequacy of this prospectus supplement or the prospectus. Any
representation to the contrary is a criminal offense.

               THIS PROSPECTUS SUPPLEMENT IS DATED AUGUST 6, 2003